Green Economy as a Mechanism to attract Foreign Investment and Achieving the Requirements of Sustainable Development in Egypt

This study measured the impact of the independent variables represented in the state's capacity to produce and generate renewable energy, along with the nation's absorption of foreign investment, to examine the role of the green economy and clean energy sources as a mechanism to attract and increase foreign investments in the renewable energy sector, which contributes to achieving sustainable development in Egypt with its four dimensions: economic, social, environmental, and technological. The results showed a favorable and statistically significant effect in both the short and long terms. The determination coefficient R2 was found to be 99%, which means that the green economy indicators in Egypt account for 99% of changes in the fourdimensional indicators of sustainable development. In addition to demonstrating the significance of the regression connection overall according to the Fc test (112.8479), it explains 85.5% of changes in foreign direct investment. Additionally, it has demonstrated the long-term co-integration between the green economy, net foreign direct investment, and sustainable development. Keywords: Green economy, renewable energy, foreign direct investment, sustainable development, Egypt, relationship estimation.